New York State Common Retirement Fund Sells 30,037 Shares of AECOM (NYSE:ACM)

New York State Common Retirement Fund lessened its position in shares of AECOM (NYSE:ACM) by 9.0% in the fourth quarter, HoldingsChannel reports. The fund owned 301,989 shares of the construction company’s stock after selling 30,037 shares during the period. New York State Common Retirement Fund’s holdings in AECOM were worth $27,913,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently made changes to their positions in the company. Payden & Rygel Investment Group bought a new stake in shares of AECOM in the third quarter valued at approximately $24,669,000. Connor Clark & Lunn Investment Management Ltd. boosted its stake in shares of AECOM by 868.3% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 143,554 shares of the construction company’s stock valued at $11,921,000 after buying an additional 128,728 shares during the period. Impax Asset Management Group plc boosted its stake in shares of AECOM by 6.9% in the third quarter. Impax Asset Management Group plc now owns 1,628,534 shares of the construction company’s stock valued at $135,233,000 after buying an additional 105,454 shares during the period. UBS Group AG boosted its stake in shares of AECOM by 13.8% in the third quarter. UBS Group AG now owns 833,707 shares of the construction company’s stock valued at $69,231,000 after buying an additional 100,875 shares during the period. Finally, Fjarde AP Fonden Fourth Swedish National Pension Fund bought a new stake in shares of AECOM in the third quarter valued at approximately $6,784,000. Institutional investors own 85.41% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have weighed in on ACM. Royal Bank of Canada restated an “outperform” rating and set a $109.00 target price on shares of AECOM in a research note on Wednesday, February 7th. KeyCorp upped their target price on AECOM from $104.00 to $105.00 and gave the stock an “overweight” rating in a research note on Friday, April 19th. Truist Financial began coverage on AECOM in a research note on Thursday, March 14th. They set a “buy” rating and a $106.00 target price for the company. TheStreet upgraded AECOM from a “c+” rating to a “b” rating in a research note on Monday, February 5th. Finally, Robert W. Baird upped their target price on AECOM from $100.00 to $103.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 6th. Eight research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $105.43.

AECOM Stock Up 0.5 %

Shares of NYSE:ACM opened at $94.02 on Friday. The company has a fifty day moving average of $93.20 and a 200-day moving average of $89.04. The company has a market capitalization of $12.79 billion, a PE ratio of 208.94, a price-to-earnings-growth ratio of 1.40 and a beta of 1.24. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.05 and a current ratio of 1.05. AECOM has a 52-week low of $74.40 and a 52-week high of $98.72.

AECOM (NYSE:ACM) last announced its quarterly earnings results on Tuesday, February 6th. The construction company reported $1.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.92 by $0.13. The company had revenue of $3.90 billion during the quarter. AECOM had a net margin of 0.42% and a return on equity of 21.45%. During the same quarter last year, the company posted $0.86 earnings per share. On average, equities analysts predict that AECOM will post 4.43 EPS for the current fiscal year.

AECOM Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, May 10th. Stockholders of record on Wednesday, April 24th will be issued a dividend of $0.22 per share. The ex-dividend date is Tuesday, April 23rd. This represents a $0.88 annualized dividend and a dividend yield of 0.94%. AECOM’s dividend payout ratio (DPR) is presently 195.56%.

AECOM Company Profile

AECOM, together with its subsidiaries, provides professional infrastructure consulting services worldwide. It operates in three segments: Americas, International, and AECOM Capital. The company offers planning, consulting, architectural and engineering design, construction and program management, and investment and development services to public and private clients.